Robert ReichApr 19, 2023

Meta announced a $40 billion stock buyback two months ago.

The same corporations telling us they have no choice but to lay off workers are simultaneously spending huge sums enriching shareholders.
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RT @MorePerfectUS
Meta, parent company of Facebook and Instagram, has announced another round of mass layoffs, with 4,000 workers getting the ax this time.

This is the 3rd round of mass layoffs, and under shareholder capitalism firing…
https://twitter.com/MorePerfectUS/status/1648688231649624064

More Perfect Union on Twitter

“Meta, parent company of Facebook and Instagram, has announced another round of mass layoffs, with 4,000 workers getting the ax this time. This is the 3rd round of mass layoffs, and under shareholder capitalism firing thousands of people has sent the stock price soaring. /1”

Twitter
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@rbreich Yep. Same shit, new year.
Banks are already freaking out! I know, because I got my first personal call from one, and I've had an account for 20 years!
Can't wait when these "too big to fails" are suddenly failing and we're back to the familiar chorus of "how could this happen" followed by "they need to be bailed out." *just tired.
Apr 19, 2023 at 10:41pmWeb